Quiz+1+Review

Quiz+1+Review - after changes in D/S curves Go over all...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Quiz 1 Review Study guide for quiz 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Basic principles of economics Definitions Examples Exercies
Background image of page 2
Opportunity Cost, Comparative Advantage and Gains from Trade PPF Gains from trade: state of the ppf before and after trade Absolute advantage Comparative advantage Opportunity cost Go over all definitions, examples & exercises
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Market Forces of Supply and Demand Demand/Supply: schedule, shifters, quantity demanded vs shift in the curve D/S together: Equilibrium, shortage, excess, state of the economy before and
Background image of page 4
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 6
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: after changes in D/S curves Go over all definitions, examples & exercises GDP Expenditure approach of calculating GDP Y = C + I + G + NX Real VS Nominal GDP GDP Deflator Go over all definitions, examples & exercises Inflation CPI / Inflation Rate: calculations, base year etc. . Problems with CPI CPI vs GDP Deflator Comparing different times dollar figures Real vs nominal interest rate Go over all definitions, examples & exercises...
View Full Document

This note was uploaded on 01/17/2012 for the course ECON 13 taught by Professor Freed during the Fall '08 term at UC Irvine.

Page1 / 6

Quiz+1+Review - after changes in D/S curves Go over all...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online